U.S. stocks dropped on Thursday, but were well off the session lows hit after President Donald Trump canceled a summit with North Korea's Kim Jong Un and threatened to impose tariffs on auto imports. Trump ...

CNBC reports that bank’s derivatives flow team netted $200 million as VIX posted historic February spikeTraders at Goldman had a good day on VIX bets. Earlier this year, Goldman Sachs booked a roughly $200 million gain in one day, partly on bets that a long-dormant gauge of volatility would surge, ending a protracted period of placidity on Wall Street. The prominent investment bank’s trading desk centered on derivative flows produced the big daily return as a so-called market maker rather than buying the assets for its own account, CNBC reported on Wednesday.

By Laila Kearney NEW YORK (Reuters) - President Donald Trump's move to cancel a planned June meeting with North Korean leader Kim Jong Un sent global shares lower on Thursday, while auto stocks continued ...

U.S. President Donald Trump's move to cancel a planned June meeting with North Korean leader Kim Jong Un sent global share markets sharply lower on Thursday before they regained some footing, while auto stocks continued to decline on tariff fears. Trump, in a letter to North Korea released by the White House, called off the June 12 summit, citing "tremendous anger and open hostility" in a recent statement by the East Asian country. The cancellation came even after North Korea followed through on a pledge to blow up tunnels at its nuclear test site.

U.S. stocks pared the losses initially suffered after President Donald Trump canceled a June summit meeting with North Korean leader Kim Jong Un, citing “open hostility” from the isolated nation. The Nasdaq Composite Index (^IXIC) was flat at 7,426. Geopolitical worries hovered over markets after Trump called off the meeting that was set to take place in Singapore.

U.S. stock benchmarks traded lower in early Thursday action after President Donald Trump canceled a planned meeting with North Korea. In a letter released by the White House, Trump told North Korean leader Kim Jong Un that the summit "will not take place." The president added that "tremendous anger and open hostility displayed in your most recent statement," was behind the cancellation. In the letter Trump said "you talk about your nuclear capabilities, but ours are so massive and powerful that I pray to God they will never have to be used." The Dow Jones Industrial Average , most recently, was off 170 points, or 0.7%, at 24,714, the S&P 500 index sank 0.5% at 2,720, while the Nasdaq Composite Index retreated by 0.4% at 7,395.

In a classic Donald Trump move, the president wrote a letter to North Korean leader Kim Jong-un to cancel their planned meeting in Singapore next month. Trump wrote, “Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it would be inappropriate, at this time, to have this long-planned meeting.” This meeting was seen as an unprecedented attempt to dissolve tensions between the United States and North Korea, which could have reduced geopolitical risks. The SPDR Gold Shares ETF (GLD), which tracks physical gold, on the other hand, was trading up 1.03%.

Want to know why the Dow Jones Industrial Average is doing what it's doing? The Dow Jones Industrial Average has dropped 249.47 points or 1%, to 24,637.34, while the S&P 500 has fallen 0.8% to 2710.31, and the Nasdaq Composite has declined 0.8% to 7363.79. North Korean threats quickly became a cancelled summit, as President Donald Trump used North Korea's "anger and open hostility" as an excuse to call the whole thing off.

U.S. stocks dropped on Thursday after President Donald Trump canceled a planned summit with North Korean leader Kim Jong Un, while a slide in oil prices and bank stocks also weighed as investors grappled with fresh U.S. protectionist plans. Trump said he canceled a June 12 summit "based on the tremendous anger and open hostility" in Kim's recent statement.

U.S. stocks fell on Thursday after President Donald Trump called off his planned June 12 summit meeting with North Korean leader Kim Jong Un. "Sadly, based on the tremendous anger and open hostility ...

U.S. stocks opened flat on Thursday, weighed down by declines in energy stocks as oil prices fell and worries over protectionist trade policies. The Dow Jones Industrial Average fell 9.45 points, or 0.04 ...

HONG KONG (Reuters/IFR) - Chinese web portal and social media firm Sina Corp is planning a secondary listing in Hong Kong, in what would be one of the first floats to take advantage of the city's new rules designed to attract tech equity offerings, two sources said. Nasdaq-listed Sina, which has a 46 percent stake in China's Twitter-like Weibo Corp, is working with advisers on the listing that will likely take place in the fourth quarter, said the sources with direct knowledge of the matter. Sina did not respond to a request for comment.

U.S. stocks erased early losses and closed higher Wednesday after minutes from the Federal Reserve’s latest meeting showed the central bank plans to stay on a gradual path of rate increases even if inflation meets its target. Worries about the Fed raising rates faster than expected have buoyed Treasury yields and the dollar lately, and contributed to swings in stocks. Wednesday’s minutes showed the Fed remains on track to raise rates in June as expected, but that the central bank plans to stay on its moderate path as it boosts rates to historically normal levels and unwinds its balance sheet.

The Nasdaq Composite declined 0.5 per cent to 7,387.84. Meanwhile, the yield on the US 10-year Treasury fell 2.7 basis points to 2.966 per cent, while that on the 2-year slid 3.2 basis points to 2.496 per cent. Yields move inversely to price. The moves came after the president said in a letter to Mr Kim that it would be “inappropriate, at this time to have this long-planned meeting.” Geopolitical fears had eased in recent weeks as Washington and Pyongyang struck a more conciliatory tone leading up to the June 12 summit in Singapore as a step toward denuclearising North Korea.

Asian markets closed mostly lower, with investors cautious over trade-related developments. The U.S. Department of Commerce said it had started a probe into automobile imports. Asian stocks closed mostly lower on Thursday, with investors cautious over fresh trade-related developments as the trade dispute between the U.S. and China remained in focus.

President Donald Trump is casting doubt on the prospects for talks that are designed to head off a trade war between the United States and China. NEW YORK (AP) -- A federal judge in New York says President Donald Trump cannot block his critics on Twitter without violating the First Amendment. Judge Naomi Reice Buchwald issued the written decision Wednesday.

U.S. stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes. Most Fed policymakers thought it likely another rate increase would be warranted "soon" if the U.S. economic outlook remains intact, and many participants saw little evidence of general overheating of the labour market, minutes of the central bank's last policy meeting showed. Stocks turned higher after the news, with rate-sensitive S&P 500 utilities (.SPLRCU) and real estate (.SPLRCR) ending the day with the biggest percentage gains.